Banking Options

How to Change Your Bank Account

Open the new account with appropriate minimums.

You?ll need to have your new account number and your new bank?s routing (ABA) number before you can change the account information stored with creditors. Both your new bank account and your old bank account will be active for a short period of time. This is to make sure that all your deposits are received and all your payments go through during the transition period. You have to determine which types of accounts you will need at your new bank. To open the accounts ready to deposit, you?ll also need the minimum required. When you open your new account, don?t forget to order the same if in your old bank you had paper checks, deposit slips, check cards, ATM cards, or debit cards with your old account.

Change your direct deposit information.

For your new direct deposit instructions to take effect, it could take as many as two pay periods. Before you receive a paycheck at your new bank, it could take two to four weeks after requesting the change to your direct deposit. Most employers have their own forms for submitting changes to direct deposit. Check with your employer as soon as possible because many employers have the ability to accept direct deposit instructions online.
Start this as soon as you?ve opened your new accounts because this is the slowest aspect of moving from one bank to another.

Adjust your automated bill payments

Many of your monthly financial obligations to withdraw money from your bank accounts likely have been configured by you. Without missing any possible automated withdrawals, you?ll need to change this banking information one vendor at a time. To help your recollection of all the bills that are paid automatically, you should review your past three or four banking statements. Keep in mind that you may need to transfer more money from your old account to cover your bills, if you?ve opened your new bank account with just the minimum required to avoid fees.

Update any linked bank accounts or investments.

To ensure you can transfer money to your new account at will, link the new bank account to your old bank account. All the bills you?ve transitioned in the previous step will certainly be covered by this because you will have enough funds in the account. Remember that, per month, savings accounts are limited to six on-demand withdrawals. The bank may charge you fees or close your account before you?re ready if you exceed that number.

Wait and close your old bank account

You must first take the time to make sure that your old bank account has been inactive. After you close the account, you don?t want any withdrawals or new deposits showing up. Then all you have to do is follow your bank?s process for closing your account.

Destroy old forms.

Once you receive confirmation that your old bank has closed your account, you can shred any deposit slips and debit cards associated with your old account. Get rid of anything that you may have that includes your bank number, such as any old endorsement stamps and paper checks. Over the next few months to ensure you haven?t missed anything, be sure to closely monitor your new account and your bills. You?re finally set!

Charles Schwab

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.
Charles Schwab provides banking for investors with no monthly fees, no minimums, and a competitive APY on your checking account balance. You have the convenience of one login for multiple accounts. There are unlimited ATM fee rebates worldwide with no foreign transaction fees, and the Schwab Security Guarantee. You have the security and peace of mind of card lock/unlock, bank and transaction alerts, and travel notices that help you stay on top of your account. With their robust mobile app, you can make deposits, move money, and all your Schwab banking needs from your phone. Mobile payments are made easy with the use of your mobile wallet or contactless debit card for a secure, convenient and easy way to pay.
Transactions are fast and easy. Their digital products are simple. Above all, any time you have a question or issue, you immediately talk to a human because there are no filter-bots. What could be better than that? Every human you speak to at the bank is a kind, smart and helpful human. They are a great, complete financial and banking institution for all your financial needs. Try Charles Schwab TODAY!

Checking & Savings

The bank accounts you use most often are checking and savings accounts. They have different features but both hold money for safekeeping. It?s important to understand the differences between these accounts so you can know when to use each one.

You can use your money in a variety of ways with a checking account, for it is designed for frequent transactions. It is best for money you plan to spend soon and is used for payments. You can eliminate the need to pay your chronic bills manually by arranging to have funds deducted automatically from your checking account each month to pay for them.

For example, from your checking account you can set up automatic insurance premiums, mobile phone bills, and mortgage payments. You can spend money easily from your checking account balance with a debit card. You can enter your card information for online payments or swipe the card for in-person purchases.

For cash withdrawals at ATMs, and even deposits there in some cases, you can also use your debit card. You are not paid interest on your account balance in traditional checking accounts, but there are some that do pay you something.

Savings accounts pay you a modest amount of interest on your account balance while keeping your money safe. They are good for money you don’t need right away and are used to save for the future. Savings accounts can help when you?re saving for financial goals or a rainy day.

You?re less likely to overspend when you remove funds from your checking account. Using multiple savings accounts for various goals can even make sense. You can access funds in several ways when you need to spend your savings. However, how often you can make certain withdrawals from savings is limited by federal law.

Certain types of transactions are unlimited, but every month you can only make up to six withdrawals. When you plan on spending, you can move money to your checking account from your savings account. If both accounts are at the same bank, that?s almost an automatic, and to move money from one bank to another typically takes a few days. Before you open an account it?s critical to review fee schedules, but checking accounts tend to be more expensive than savings accounts.

Robinhood

Robinhood offers commission-free stock, ETF and options trades, a streamlined trading platform and free cryptocurrency trading, and now offers fractional trades and recurring investments for long-term strategies.

Robinhood provides free stock, options, ETF and cryptocurrency trades, and has no account minimum. Mutual funds and bonds aren’t offered, and only taxable investment accounts are available. Still, if you’re looking to limit costs or trade crypto, Robinhood is a solid choice with a streamlined interface.
You find investing for everyone at Robinhood.

Robinhood has commission-free investing, plus the tools you need to put your money in motion. With certain applicable limitations, you can sign up and get your first stock for free.

You invest any amount and choose how much you want to invest, and they? ll convert from dollars to parts of a whole share. Robinhood has fractional shares where you can invest in thousands of stocks with as little as $1. You can customize your portfolio with pieces of different companies and funds, so you can build a balanced portfolio to help reduce risk. Trades placed during market hours are executed at that time, so you?ll always know the share price in real time and can also trade in real time.

You can learn about stocks as you grow, because their goal is to make investing in financial markets more affordable, more intuitive, and more fun, no matter how much experience you have (or don?t have).

You can manage your portfolio and keep it in your pocket. Everything you need to manage your assets is available in a single app right on your mobile phone.
You can set up customized news and notifications to stay on top of your assets to keep tabs on your money as casually or as relentlessly as you like. Controlling the flow of info is totally up to you.

Escrow Account

An escrow account is a bank account under the control of a third party. They are most often used by buyers and sellers to a real estate transaction. The seller often takes the buyer?s deposit and, with a title company or an escrow agent, opens an escrow account. The escrow officer oversees the closing and ensures that everyone is properly paid. An example is that some people create an escrow account when their landlord has refused to make repairs in their apartment, or if they want a dedicated account to pay for non-monthly bills.

Global Clients Solutions, LLC

Payment Processing Services

Global Client Solutions provides the account set-up and administration of special purpose saving accounts that are utilized for accumulating funds towards the settlement of certain debts. The debt settlement company would be responsible for meeting the terms of any agreement entered concerning debt settlement, not Global Client Solutions.

Global Client Solutions is an independent third-party payment processor for debt settlement companies and their consumers who are enrolled in debt settlement programs. This company is not a debt settlement company, and does not provide debt settlement nor debt negotiation services. This company provides and manages dedicated accounts that allows consumers to save funds and to utilize to pay their debts with the help of a debt settlement company.
Global Client Solutions? account management services enhance the integrity and efficiency of the debt settlement process. Global undergoes annual independent audits performed by nationally recognized firms including a SOC 1 audit of controls and BSA/AML, IT/GLBA, and NACHA rules compliance audits
They have 17 years in business and have been accredited by the Better Business Bureau since 2005. The following is their address and contact information.

www.globalclientsolutions.com
Tel. (800) 398-7191
Global Client Solutions
4343 S 118th East Ave
Suite 220
Tulsa, OK 74146-4400
FAX (866) 355-8228

Crossroads Financial

Crossroads Financial?s mission is to provide inventory financing solutions to businesses that do not qualify for bank financing. They occupy a unique niche in the market-place: Lines of credit backed only by Inventory starting as low as $500,000. Their financing is a perfect fit for Retail and E-commerce businesses who are unable to find a traditional line of credit. They don?t finance accounts receivable or factor, rather they partner with factors and receivable lenders offering those products. By partnering with other lenders, they are able to provide maximum availability to borrowers and create new opportunities of lenders looking to put on transactions they couldn?t put on without Crossroads Financial.

Crossroads Financial has the transparency of what you see is what you get, and prides itself on being straightforward and open with its clients. It has shown the commitment over the years of its dedication to its clients that continues well past the initial funding. Not only do they want their clients to succeed in the short term, but they are persistent in helping their businesses prosper in the long run. They understand the challenges associated with capital constraints and work diligently in order to fund their clients expeditiously.

Crossroads Financial has been providing inventory revolving lines of credit and purchase order financing solutions to clients for over 14 years. Their team consists of highly experienced individuals with a deep understanding of the asset-based lending space.
Every business has its own challenges, and they make sure to provide a financing solution that caters to the unique needs of each of their clients. When banks say no, Crossroads Financial says yes. They provide the chance for underperforming companies, or newer businesses, to secure financing when the traditional sources of capital are unattainable.

TD Bank

Headquartered in Toronto, Canada, with approximately 90,000 employees in offices around the world, the Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD offers a full range of financial products and services to over 26 million customers worldwide through three key business lines.

TD Bank, the self-proclaimed ?America?s Most Convenient Bank?, is one of the 10 largest banks in North America. Their business is built on delivering great customer experiences that are unique, convenient and hassle-free.

TD Bank was named the Highest in Customer Satisfaction with Retail Banking in Southeast, for the 2019 J.D. Power Award.
Global Finance Magazine ranked it as the #1 Safest Bank in North America.

TD Bank?s products and services include Checking Accounts, Savings Accounts, CDs, Credit Cards, Home Equity Loans & Lines of Credit, Mortgage Loans, Personal Loans, IRAs, Debit Cards, Prepaid Cards, Online Banking, Student Banking, Cross Boarder, Travel Tips, Foreign Exchange Services, Overdraft Services, and Special Offers. You can bank anytime, anywhere, with TD Bank?s Digital Banking online.

At TD Bank, you can get financial tips, updates, tools and resources to help support your financial needs and goals. They are committed to helping you find solutions to your financial challenges. You can access resources, tools and support for every stage of your business. TD Bank has a Learning Center for its clients where you can find out how to get the most out of your TD Bank accounts with their personal banking services, plus info and tips on personal credit and home lending. Read articles, watch videos and learn how to budget, plan for life events, pay down debt, manage your money and more.

For personal banking, you get info on how to manage your TD Bank accounts with their online and mobile services, plus tips and tools designed to make your day-to-day banking easier. You can read articles, see demos and learn how to prepare for everyday and special events like travel, taxes and more. TD Bank is a great bank.

Upon thoroughly evaluating your unique situation, we?ll tell you what?s best for you

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